Vehicle Lease Tool

Is the lease worth it?

Decision rule Below 1.50% = Good

Enter lease details

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Enter the lease details and click Calculate lease value.

How the lease calculator works

Enter the monthly payment, lease term, drive-off amount and vehicle MSRP. The calculator adjusts the monthly cost for the upfront drive-off amount and compares that cost with MSRP.

1. Enter the offerAdd the numbers from your lease quote.
2. CalculateSee the lease-value percentage instantly.
3. CompareBelow 1.50% is rated Good by this tool. Lower is better.
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What is a good car lease?

This calculator uses 1.50% as its decision threshold. Below 1.50% is shown as Good, while 1.50% or higher is shown as Bad.

The rating is a quick screening tool. Residual value, money factor, taxes, fees, mileage allowance, incentives and end-of-lease charges can also affect the real value of a lease.

Lease vs. buy

Leasing can offer lower short-term payments and frequent access to newer vehicles, while buying can build ownership equity and eliminate mileage restrictions. Compare the total cost and terms before deciding.

Vehicle lease FAQ

What information do I need?

The monthly payment, lease length in months, drive-off amount and MSRP.

Does a lower percentage mean a better lease?

Under this calculator's method, yes. Lower is better.

Does this include every lease cost?

No. Taxes, fees, mileage charges, incentives, residual value, money factor and other terms may change the economics of the deal.

Is the 1.50% rule a guarantee?

No. It is the rating threshold used by this calculator and is only a screening measure.

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Good lease: Below 1.50%   |   Bad lease: 1.50% or higher
Disclaimer: This calculator is provided for informational and educational purposes only and does not constitute financial, legal, tax, automotive, or professional advice. Results are estimates based solely on the information entered and may not reflect taxes, fees, incentives, residual value, money factor, mileage charges, acquisition or disposition fees, insurance, maintenance, financing terms, or other lease costs. A “Good” or “Bad” lease rating is based only on this calculator’s 1.50% rule and is not a guarantee that a lease is favorable or suitable for you. Always review the complete lease agreement and verify all figures with the dealer, lessor, or a qualified professional before making a financial decision.